Statkraft sells 36 MW Andershaw wind park in Glasgow to Greancoat
Statkraft has sold 36 MW Andershaw Wind Farm to Greencoat UK Wind PLC for a purchase price of GBP121 million (US$163.8 million), including cash and working capital.
Statkraft, together with Catamount Energy, began joint development of the project in 2006 and operation in 2017. The company will maintain day-to-day operation and maintenance, as well as asset management responsibilities until 2037. Statkraft has also negotiated an extension of its existing long-term market access power purchase agreement.
Located in the south of Glasgow, 36 MW Andershaw onshore wind farm produces enough energy to meet the annual needs of about 26,000 homes. The farm consists of 11 Vestas V117 3.3 MW wind turbines.
Country updates
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